Congress Whacks Apple With The Tax Avoider Stick

An 18-month congressional investigation turned up evidence that Apple is a major-league tax avoider, the New York Times reports — one that allegedly sheltered billions of dollars from taxation by moving the money through a web of subsidiaries, some of which had no employees and claimed to be exempt from taxes. Apple CEO Tim Cook will testify before the Senate Permanent Subcommittee on Investigations tomorrow; Apple has released an advance copy of his testimony.